In the rigid framework of a global capitalism integrated around the big U.S. corporations, the industrialization of Latin America has increasingly less to do with progress and national liberation. The talisman was robbed of its power in the decisive defeats of the past century, when ports triumphed over interiors and free trade crushed new-born national industries. And the twentieth century produced no bourgeoisie strong and creative enough to reshoulder the task and follow it through to its end. Every effort petered out halfway to the goal. What happened to Latin America’s industrial
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